Titan Mining Corporation has $9\mathrm{.}8$ million shares of common stock outstanding, $420,000$ shares of $5$ percent preferred stock outstanding, and $220,0008\mathrm{.}6$ percent semiannual bonds outstanding, par value $$1,000$ each. The common stock currently sells for $$46$ per share and has a beta of $1\mathrm{.}40,$ the preferred stock currently sells for $$96$ per share, and the bonds have $15$ years to maturity and sell for $117$ percent of par. The market risk premium is $8\mathrm{.}6$ percent, T$-$bills are yielding $4$ percent, and the company$$s tax rate is $40$ percent.

a$.$

What is the firm$$s market value capital structure? $($Do not round intermediate calculations. Round your answers to $4$ decimal places, e$.$g$.,32\mathrm{.}1616.)$

Market value weight

Debt $\_\_\_$

Preferred stock $\_\_\_$

Equity $\_\_\_$

b$.$

If the company is evaluating a new investment project that has the same risk as the firm$$s typical project, what rate should the firm use to discount the project$$s cash flows? $($Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Discount rate

$\_\_\_\%$